BofA Lowers PSEG Price Target to $84, Retains Buy Rating Amid Regulatory Premium Cuts
BofA Securities reduced its price target for Public Service Enterprise Group Inc. (PEG) to $84.00 from $95.00 but kept a Buy rating, citing regulatory pressure that prompted the removal of an electric premium and a reduction of the gas premium to 10%. The bank slightly lowered its full-year 2025 EPS forecast to $4.05 and expects fourth-quarter 2025…